Cencosud to sell majority stake in Chile retail credit-card business

SANTIAGO, June 20 Fri Jun 20, 2014 5:37pm EDT

SANTIAGO, June 20 (Reuters) - Retailer Cencosud said on Friday it has agreed to sell a majority stake in its retail credit-card business in Chile to the Bank of Nova Scotia and Scotiabank Chile for $280 million. (Reporting by Anthony Esposito; Editing by Chris Reese)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.